India, July 8 -- Indian shares eked out modest gains on Tuesday as U.S. President Donald Trump delayed imposing higher tariffs on U.S imports and indicated he would make further climbdowns on tariffs.
After threatening to impose new import taxes on more than a dozen countries, Trump pushed back the effective date of those tariffs, ranging from 25 percent to 40 percent, until Aug. 1.
The President also said his August 1 deadline for implementing the levies was not firm, raising mild hopes for deals over punishing tariffs.
Local media reports suggested that India is still operating under the July 8 deadline and that a mini deal with the U.S. could be announced "in a day or two".
However, it was said that India will not push ahead if the d...